U.S. Department of the Treasury Announces New Funding to Support Small Businesses in Tribal Governments as Part of the Biden-Harris Administration’s Investing in America Agenda

Plans for $65 million in State Small Business Credit Initiative funding have been approved to support small business and entrepreneurship in Tribal governments.WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of plans for up to $65 million in funding allocated to 18 Tribal governments under the American Rescue Plan’s State Small Business Credit Initiative (SSBCI). This funding is part of the largest and most expansive one-time investment for Tribal governments for small business financing in the history of the nation.“Today’s announcement reinforces President Biden’s commitment to invest in small businesses and entrepreneurs,”said U.S. Deputy Secretary of the Treasury Wally Adeyemo.“Providing help to entrepreneurs like accounting services and legal advice is critical to unlocking their potential for growth and to continuing the nation’s historic small business boom.”Reauthorized and expanded by President Biden’s American Rescue Plan, SSBCI includes nearly $10 billion